Common use of Purchase Price; Closing Deliveries Clause in Contracts

Purchase Price; Closing Deliveries. (a) Green Tree Software hereby agrees to sells to Titan, and Titan hereby agrees to purchase from Green Tree Software 49% of the Software (the “Transaction”). The purchase price for the Software shall be 14,700,000 shares of Titan (representing 49% of the issued and outstanding shares of Titan on the date hereof after all of the transactions contemplated herein (the “Shares”), and $54,000 (the “Cash Payment”), which shall be paid out of Titan’s Cash (as defined below). The closing of the Transaction (the “Closing”) shall occur simultaneous with the execution and delivery of this Agreement by all the parties hereto (the “Closing Date”). (b) On the Closing Date (i) Titan shall issue to Green Tree Software a stock certificate evidencing the Shares and deliver the Cash Payment, (ii) Sellers shall execute the Assignment of Intellectual Property substantially in the form attached as Exhibit A annexed hereto (the “Assignment”), (iii) the parties shall exchange cross-receipts acknowledging their respective receipt of items (i) and (ii), and (iv) the parties shall execute and deliver such other documents and instruments reasonably necessary to effectuate the Transaction.